UPDATE 2-Pioneer Natural Resources denies report of acquisition interest

(Recasts with Pioneer denying report of acquisition interest) Feb 24 (Reuters) -

Oil and gas explorer Pioneer Natural Resources Co said on Friday that it was not pursuing any business combinations, after Bloomberg News reported that the oil and gas explorer was considering an acquisition of smaller U.S. rival Range Resources Corp .

"The Company is not contemplating a significant business combination or other acquisition transaction," Pioneer said in a statement.

Bloomberg, citing sources familiar with the matter, had reported that deliberations were ongoing, though there was no certainty the companies would reach an agreement. Bloomberg said that Texas-based Pioneer was seeking further consolidation in the shale industry with the deal.

Range Resources did not immediately respond to a Reuters request for comment.
(Reporting by Kanjyik Ghosh in Bengaluru; Additional reporting by Mrinmay Dey; Editing by Shinjini Ganguli, Chris Reese and Leslie Adler)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

UPDATE 2-Pioneer Natural Resources denies report of acquisition interest

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio